PROJECT

The North Luzon Expressway Project

The rehabilitation, expansion, operation and maintenance of the existing 83.7 km NLEX that connects Metro Manila to the northern provinces of Bulacan and Pampanga.

GRANTOR

Republic of the Philippines through the Toll Regulatory Board (TRB)

CONCESSIONAIRE

Manila North Tollways Corporation (MNTC)

CONCESSION PERIOD

Until December 31, 2037

SPONSORS

Metro Pacific Tollways Development Corp (MPTDC)

Egis Projects S.A.

BDO Unibank, Inc.

Republic of the Philippines

originally by Leighton Asia Ltd of Austalia, but later bought by GlobalFund Holdings

TOTAL PROJECT COSTS

USD 384MM (PHASE 1 ONLY)

LENDERS (ORIGINAL)

ADB, IFC, EFIC, MIGA, COFACE, and 5 international commercial banks

OPERATOR

Tollways Management Corporation (TMC)

PROJECT

The Subic-Clark-Tarlac Expressway Project

The SCTEX Project is divided into two major segments with a total length of  93.77 kilometers.

GRANTOR

Republic of the Philippines through the Toll Regulatory Board (TRB)

CONCESSIONAIRE

Manila North Tollways Corporation (MNTC)

CONCESSION PERIOD

Until October 30, 2043

FUNDING

Seventy-eight percent of the cost were funded by way of a loan from the Japan International Cooperation Agency (JICA)-with an interest rate of 0.95% per annum; 22 percent represents the BCDA counterpart.

TOTAL PROJECT COSTS

Total cost of the SCTEX is Php34.907 billion.

OPERATOR

Tollways Management Corporation (TMC)